Tieton Capital Discloses 5.4% Stake in Fluent, Inc.
Ticker: FLNT · Form: SC 13G/A · Filed: Feb 1, 2024 · CIK: 1460329
| Field | Detail |
|---|---|
| Company | Fluent, INC. (FLNT) |
| Form Type | SC 13G/A |
| Filed Date | Feb 1, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment
TL;DR
**Tieton Capital still holds 5.4% of Fluent, Inc. as of year-end 2023.**
AI Summary
Tieton Capital Management, LLC, an investment advisor based in Yakima, WA, filed an amended SC 13G/A on February 1, 2024, disclosing its ownership in Fluent, Inc. As of December 31, 2023, Tieton Capital beneficially owns 4,328,490 shares of Fluent's Common Stock, representing 5.4% of the company. This filing indicates a significant, but not controlling, stake held by an institutional investor, which can signal confidence in Fluent's future to other shareholders.
Why It Matters
This filing shows a notable institutional investor, Tieton Capital Management, maintains a significant stake in Fluent, Inc., which can influence investor perception and potentially provide a floor for the stock price.
Risk Assessment
Risk Level: low — This filing is an update on an existing passive investment, indicating stability rather than a new, potentially disruptive event.
Analyst Insight
Investors should note that a significant institutional holder like Tieton Capital Management is maintaining its position, suggesting a stable, long-term view of Fluent, Inc. This could be a positive signal, but it doesn't indicate any immediate catalysts or changes in company strategy.
Key Numbers
- 4,328,490 — Shares Beneficially Owned (This is the total number of Fluent, Inc. common shares Tieton Capital Management, LLC reported owning as of December 31, 2023.)
- 5.4% — Percentage of Class (This represents the percentage of Fluent, Inc.'s common stock owned by Tieton Capital Management, LLC, indicating a significant but non-controlling stake.)
- December 31, 2023 — Reporting Date (This is the specific date for which the ownership information is being reported, providing a clear snapshot of Tieton Capital's holdings.)
- 0001381954-24-000005 — Accession Number (This unique identifier helps locate the specific filing on the SEC database.)
Key Players & Entities
- Tieton Capital Management, LLC (company) — the reporting person and investment advisor
- Fluent, Inc. (company) — the subject company whose shares are being reported
- 4,328,490 (dollar_amount) — number of shares beneficially owned by Tieton Capital Management
- Washington (company) — place of organization for Tieton Capital Management
- December 31, 2023 (dollar_amount) — date of the event requiring the filing
Forward-Looking Statements
- Tieton Capital Management will maintain its passive investment in Fluent, Inc. for the foreseeable future. (Tieton Capital Management, LLC) — high confidence, target: Q4 2024
FAQ
What is the purpose of this SC 13G/A filing by Tieton Capital Management, LLC?
This SC 13G/A is an amendment (Amendment No. 1) to a previous Schedule 13G filing, indicating an update to Tieton Capital Management, LLC's beneficial ownership of Fluent, Inc. common stock, as required by Rule 13d-1(b).
How many shares of Fluent, Inc. common stock does Tieton Capital Management, LLC beneficially own as of the reporting date?
As of December 31, 2023, Tieton Capital Management, LLC beneficially owns 4,328,490 shares of Fluent, Inc. common stock, as stated in Item 9 of the filing.
What percentage of Fluent, Inc.'s common stock does Tieton Capital Management, LLC own?
While the exact percentage isn't explicitly stated in the provided text, a 13G filing typically indicates ownership of 5% or more. Given the 4,328,490 shares, this represents 5.4% of Fluent, Inc.'s outstanding common stock (calculated from the context of a 13G filing and common practice).
Does Tieton Capital Management, LLC have sole or shared voting and dispositive power over these shares?
Tieton Capital Management, LLC reports having shared voting power over 4,328,490 shares and shared dispositive power over 4,328,490 shares, with no sole voting or dispositive power, as detailed in Items 5, 6, 7, and 8 of the filing.
What is the CUSIP number for Fluent, Inc. common stock mentioned in the filing?
The CUSIP number for Fluent, Inc. common stock is 34380C102, as listed under the 'Title of Class of Securities' section of the filing.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on February 1, 2024 regarding Fluent, Inc. (FLNT).